Ordinance 70905

Summary

An ordinance submitting to the qualified voters of the City of St. Louis a gross receipts tax to be imposed on telecommunications and fiber network providers as set forth herein; providing for an election to be held therefore and the manner of voting thereat; and, upon passage of said ballot measure, an amendment to City of St. Louis Ordinance 67717 as codified in Section 23.34.020 of the Revised Code of the City of St. Louis and Sections 23.34.010 though 23.34.030 of the Revised Code of the City of St. Louis reflecting gross receipts tax to be imposed as approved by the voters of the City of St. Louis; establishing a Telecommunications Gross Receipts Tax Fund, and requiring the gross receipts tax collected pursuant to the Sections 23.34.010 through 23.34.030 of the Revised Code of the City of St. Louis to be deposited into the Telecommunications Gross Receipts Tax Fund to be appropriated and expended to further smart city initiatives in the City of St. Louis.

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